Wall Street seeks clarity following November employment report
Market Overview: Wall Street's major indices showed mixed performance, with the Nasdaq Composite up 0.2%, while the S&P 500 remained flat and the Dow Jones fell by 0.1%. Six of the eleven S&P sectors were down, with Energy being the weakest performer.
Job Growth Data: November nonfarm payrolls increased by 64,000, surpassing expectations, while the unemployment rate rose to 4.6%. October's payrolls were revised down by 105,000.
Economic Indicators: The October retail sales report indicated flat growth, and the S&P Global U.S. Composite PMI decreased to 53.0 in December's flash estimate from 54.2.
Market Reactions: Treasury yields remained stable, with the 2-year yield dipping slightly. Notable stock movements included Dell Technologies rising by 2.6% and Diamondback Energy falling by 3.6%.
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